# Elastic N.V.  Share Price Target ‘$129.11’, now -1.6% Downside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.share-price-target-129.11-now-1.6-downside-potential/4121145294
- Published: 2024-02-29T14:37:45+00:00
- Author: Charlotte Edwards

**Elastic N.V.** which can be found using ticker (ESTC) have now 18 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between $185.00 and $90.00
suggesting an average analyst share price target price of $129.11. (at the time 
of writing). Given that the stocks previous close was at $131.21 this would imply
there is a potential downside of -1.6%. There is a 50 day moving average of $118.78
and the 200 day moving average is $84.87. The total market capitalization for the
company now stands at 12.92B. The current share price for the company is: $129.71
USD

 The potential market cap would be $12,716,240,317 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of -, revenue per share of $11.89 and
a -4.92% return on assets.

Elastic NV is a Netherlands-based data analytics company. The Company’s platform,
which is available as both a hosted, managed service across public clouds as well
as self-managed software, allows its customers to find insights from large amounts
of data and take action. The Company offers three search-powered solutions – Enterprise
Search, Observability, and Security – that are built into the platform, which is
built on the Elastic Stack, a set of software products that ingest data from any
source, in any format, and perform search, analysis, and visualization of that data.
The Company helps organizations, their employees, and their customers find what 
they need, while keeping mission-critical applications running smoothly, and protecting
against cyber threats. The Company generates revenue primarily from sales of subscriptions
to its platform.

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